What internal control failures are alleged against James River Group?

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Allegations of Internal Control Deficiencies at James River Group Holdings

James River Group Holdings, Ltd. is alleged to have lacked effective internal controls concerning the proper recognition of restatement premiums for reinsurance. These purported control failures are central to claims that the company overstated its net income and that its financial results were reasonably likely to be restated. The lawsuit asserts that these issues rendered the company's public statements about its business, operations, and prospects materially misleading.

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What internal control failures are alleged against James River Group?

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